Par Call definition

Par Call. Redeemable at any time on or after the Par Call Date in an amount equal to the principal amount of the Notes redeemed, plus accrued and unpaid interest, if any, to the redemption date.

Par Call. On or after the Par Call Date, the Issuer may redeem the Notes at its option, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon to, but excluding, the redemption date.

Par Call. At any time on or after the Par Call Date, in whole at any time or in part from time to time, at a redemption price equal to 100% of the principal amount of the First Mortgage Bonds being redeemed plus accrued and unpaid interest thereon to the redemption date. CUSIP / ISIN: 84859D AA5 / US84859DAA54 Book-Running Managers: X.X. Xxxxxx Securities LLC RBC Capital Markets, LLC TD Securities (USA) LLC U.S. Bancorp Investments, Inc. Co-Managers: Academy Securities, Inc. X.X. Xxxx & Associates, Inc. The issuer has filed a registration statement (including a prospectus), as amended, with the SEC for the offering to which this communication relates (File No. 333-231443-01). Before you invest, you should read the preliminary prospectus supplement and the accompanying prospectus and other documents the issuer has filed with the SEC for more complete information about the issuer and the offering. You may get these documents for free by visiting XXXXX on the SEC website at xxx.xxx.xxx. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the accompanying preliminary prospectus supplement if you request them by calling: X.X. Xxxxxx Securities LLC toll-free at 0-000-000-0000; RBC Capital Markets, LLC toll-free at 0-000-000-0000; TD Securities (USA) LLC toll-free at 0-000-000-0000; or U.S. Bancorp Investments, Inc. toll-free at 0-000-000-0000. This communication should be read in conjunction the preliminary prospectus supplement and the accompanying prospectus. The information in this communication supersedes the information in the preliminary prospectus supplement and the accompanying prospectus to the extent inconsistent with the information therein.

Examples of Par Call in a sentence

• On or after the Par Call Date, the Company may, at its option, redeem the Notes, in whole or in part, at a Redemption Price equal to 100% of the aggregate principal amount of the Notes being redeemed, plus accrued and unpaid interest, if any, on the Notes being redeemed to, but excluding, the Redemption Date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on any Interest Payment Date that is on or prior to the Redemption Date).

• If the Company redeems the Securities on or after the First Par Call Date, the Company will pay a redemption price equal to 100% of the principal amount of the Securities to be redeemed plus accrued interest to the redemption date.

• In the case of any redemption with a Redemption Date on or after the Applicable Par Call Date, the Redemption Price will equal 100% of the aggregate principal amount of the Notes to be redeemed, plus accrued interest thereon to, but not including, the Redemption Date.

• On or after the Par Call Date, the Issuer may redeem the Notes, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of each Note to be redeemed plus accrued and unpaid interest on the Notes to be redeemed to, but not including, such Redemption Date.

• The Company may also, at its option, redeem the Securities of this series as a whole or in part at any time and from time to time on or after the Par Call Date upon not less than ten (10) nor more than sixty (60) days’ prior notice at a redemption price equal to 100% of the principal amount of the Securities being redeemed, plus accrued and unpaid interest on the principal amount being redeemed to (but excluding) the Redemption Date.

More Definitions of Par Call

Par Call. On or after the Par Call Date, the Bonds will be redeemable at a redemption price equal to 100% of the principal amount of the Bonds being redeemed, plus accrued and unpaid interest to the Redemption Date. CUSIP / ISIN: 69351U BC6 / US69351UBC62 Joint Book-Running Managers: BMO Capital Markets Corp. BofA Securities, Inc. CIBC World Markets Corp. Xxxxx Fargo Securities, LLC Co-Managers: TD Securities (USA) LLC Truist Securities, Inc. WauBank Securities LLC Xxxxxxxx Capital, LLC CastleOak Securities, L.P. Loop Capital Markets LLC Xxxxxxx and Xxxx Investments, Inc. Xxxxxx X. Xxxxxxx & Company, Inc. Expected Ratings:* Intentionally Omitted *Note: Each security rating agency has its own methodology for assigning ratings. Security ratings are not recommendations to buy, sell or hold securities and may be subject to revision or withdrawal at any time. Capitalized terms used and not defined herein have the meanings assigned in the Issuer’s Preliminary Prospectus Supplement, dated January 2, 2024. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting XXXXX on the SEC Web site at xxx.xxx.xxx. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling BMO Capital Markets Corp. toll-free at (000) 000-0000, BofA Securities, Inc. toll-free at (000) 000-0000 or by email at xx.xxxxxxxxxx_xxxxxxxx@xxxx.xxx, CIBC World Markets Corp. toll-free at (000) 000-0000 or Xxxxx Fargo Securities, LLC toll-free at (000) 000-0000.

Par Call. On or after January 15, 2020 On or after November 15, 2024 On or after August 15, 2044

Par Call. 2052 Notes: At any time on or after August 15, 2051 (six months prior to maturity), at 100% of the principal amount of the notes to be redeemed

Par Call. On or after December 13, 2021 On or after December 13, 2026

Par Call. On or after the Par Call Date, at 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest

Par Call. At any time on or after February 15, 2054 (the date that is six months prior to the maturity date), at 100% of the principal amount, plus accrued and unpaid interest to the date of redemption. Minimum Denomination: $2,000 x $1,000 CUSIP / ISIN: 502431 AV1 / US502431AV15 Joint Book-Running Managers: Barclays Capital Inc. Citigroup Global Markets Inc. HSBC Securities (USA) Inc. Mxxxxx Sxxxxxx & Co. LLC BofA Securities, Inc. J.X. Xxxxxx Securities LLC U.S. Bancorp Investments, Inc. Wxxxx Fargo Securities, LLC Senior Co-Managers: Mizuho Securities USA LLC Scotia Capital (USA) Inc. SMBC Nikko Securities America, Inc. TD Securities (USA) LLC Academy Securities, Inc. Sxxxxxx Xxxxxxxx Sxxxx & Co., LLC Investing in the Securities involves a number of risks. See “Risk Factors” beginning on page S-4 of the preliminary prospectus supplement.

Par Call. On or after February 1, 2023 Benchmark Treasury: 1.000% UST due December 15, 2024 Benchmark Treasury Price and Yield: 99-15⅛; 1.184% Spread to Benchmark Treasury: +62.5 basis points Yield to Maturity: 1.809% Price to Public (Issue Price): 99.973% of principal amount CUSIP / ISIN: 835495 AM4 / US835495AM47 Title of Securities: 2.250% Notes due 2027 (the “2027 Notes”) Aggregate Principal Amount Offered: $300,000,000 Coupon (Interest Rate): 2.250% per annum Maturity Date: February 1, 2027